W.V.D.B.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
W.V.D.B.
Largest movements
- Stocks and contracts -€154,204
down €154,204 (-10.1%), from €1.5m to €1.4m
- Receivables within one year -€69,000
down €69,000 (-73.4%), from €94,000 to €25,000
- Cash +€18,494
up €18,494 (+271%), from €6,818 to €25,312
mainly Stocks and contracts (+€154,204) and Receivables within one year (+€69,000)
- Short-term financial debts -€180,987
down €180,987 (-17.6%), from €1.0m to €849,533
- Other debts -€17,596
down €17,596 (-4.2%), from €417,920 to €400,323
- Gross operating margin +€110,526
up €110,526 (+1,119%), from €9,881 to €120,408
- Financial charges +€44,678
up €44,678 (+57.6%), from €77,575 to €122,253
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,628,588 | €1,423,878 | -€204,710 | -12.6% |
| Current assets | 29/58 | €1,628,588 | €1,423,878 | -€204,710 | -12.6% |
| Stocks and contracts in progress | 3 | €1,527,769 | €1,373,566 | -€154,204 | -10.1% |
| Stocks | 30/36 | €1,527,769 | €1,373,566 | -€154,204 | -10.1% |
| Amounts receivable within one year | 40/41 | €94,000 | €25,000 | -€69,000 | -73.4% |
| Other amounts receivable | 41 | €94,000 | €25,000 | -€69,000 | -73.4% |
| Cash at bank and in hand | 54/58 | €6,818 | €25,312 | +€18,494 | +271% |
| Total equity and liabilities | 10/49 | €1,628,588 | €1,423,878 | -€204,710 | -12.6% |
| Equity | 10/15 | €177,892 | €174,021 | -€3,871 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,927 | €37,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,927 | €37,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,366 | €117,495 | -€3,871 | -3.2% |
| Amounts payable | 17/49 | €1,450,695 | €1,249,856 | -€200,839 | -13.8% |
| Amounts payable within one year | 42/48 | €1,450,695 | €1,249,856 | -€200,839 | -13.8% |
| Financial debts | 43 | €1,030,519 | €849,533 | -€180,987 | -17.6% |
| Credit institutions | 430/8 | €1,030,519 | €849,533 | -€180,987 | -17.6% |
| Trade debts | 44 | €1,901 | €0 | -€1,901 | -100% |
| Suppliers | 440/4 | €1,901 | €0 | -€1,901 | -100% |
| Taxes, remuneration and social security | 45 | €356 | €0 | -€356 | -100% |
| Taxes | 450/3 | €356 | €0 | -€356 | -100% |
| Other amounts payable | 47/48 | €417,920 | €400,323 | -€17,596 | -4.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,385 | €2,025 | +€640 | +46.2% |
| Gross operating margin | 9900 | €9,881 | €120,408 | +€110,526 | +1,119% |
| Operating profit (loss) | 9901 | €8,496 | €118,382 | +€109,887 | +1,293% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €77,575 | €122,253 | +€44,678 | +57.6% |
| Recurring financial charges | 65 | €77,575 | €122,253 | +€44,678 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€69,079 | -€3,871 | +€65,208 | +94.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€69,079 | -€3,871 | +€65,208 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,079 | -€3,871 | +€65,208 | +94.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.